Research On Fiscal And Tax Preferential Policies To Promote The Development Of Integrated Circuit Industry In China

The integrated circuit industry,as "the food for modern industries" of China,is the basic industry for the development of electronic information technology,as well as the guarantee of national information security,which is vital to the development of the economy and society in the new era.After 2009,the economies of various countries have gradually emerged from the haze of the financial crisis.Under the background of the coming of the third industrial revolution dominated by technology,my country has paid more attention to the development of high-tech industries.In recent years,the electronic information industry's development is rapid.With the improvement of people's living standards,the demand for practical electronic products is also increasing.As an industry that produces core components of electronic products,the integrated circuit industry is also driven by the market to develop rapidly.However,because the integrated circuit industry started late in China,the core technology is clamped by foreign developed countries.In fields with high reliability requirements such as medical treatment,military affairs,and national defense,chips are heavily dependent on foreign imports.The embarrassing dilemma of "Quexinshaoping",the high-precision chips with advanced technology on the market are almost all imported from abroad,and the domestic high-end chip market is monopolized by foreign companies.Therefore,it is extremely urgent to improve the security of my country's electronic information industry and make the integrated circuit industry develop rapidly.The country has formulated and issued a series of fiscal and tax preferential policies to support the rapid development of the integrated circuit industry for more than ten years.Up to now,these preferential policies have been implemented for a long time.At present,in order to further learn from experience and promote industrial progress,it is necessary to treat the previous fiscal and tax preferential policies.The policy is tested for its effect and comprehensive policy recommendations are put forward.After expounding the research background and significance of the selected topic,this article consulted the reference literature of relevant fiscal and tax preferential policies to promote industrial development through the online database,and formed its own research ideas.First,I sorted out the theoretical basis of preferential fiscal and taxation policies to promote industrial development,and analyzed the mechanism of how the two policies promote industrial development.In theory,it proved that fiscal and tax incentives help the integrated circuit industry to correct externalities in the process of development.By reducing corporate costs and increasing corporate after-tax income to affect product prices,supporting the integrated circuit industry from both the demand and supply ends will promote the enthusiasm of the integrated circuit industry for research and development and innovation.Then it summarized the development status and development potential of my country's integrated circuit industry,and combed and analyzed my country's current fiscal and tax incentives which support the development of integrated circuit industry.Then establish a suitable measurement model,adopt the method of model analysis,and select appropriate variables based on the panel data of listed companies in the integrated circuit industry in my country in 2012-2019,and further test the impact of current fiscal and tax incentives about the integrated circuit industry's development from an empirical point of view.The empirical results show:(1)For developmenting the integrated circuit industry,both fiscal and tax incentives can play an active and important role;(2)Tax incentives instead of fiscal policies have a stronger positive role in promoting the profitability and operating capacity of enterprises(3)Compared with preferential tax policies,fiscal policies can help the integrated circuit industry to develop rapidly in terms of corporate innovation capabilities.Finally,after summarizing the theoretical and empirical results,this article puts forward relevant suggestions for improving the current fiscal and tax preferential policies to make them better promote the development of integrated circuit industry.The first is to increase financial subsidies for special transfer payments for the innovation field of the integrated circuit industry.The second is to enhance the pertinence of government subsidies to different kinds of companies in the integrated circuit industry.The third is to improve the dynamic assessment system for financial subsidy funds.The fourth is to enhance the supervision and management of financial subsidy funds after the issuance of funds to improve the efficiency of fund utilization.The fifth is to establish a government-led industrial fund to help the development of small and micro enterprises in the industry.In terms of tax preference policy recommendations,one is to expand the scope of tax incentives to cover the entire industry and the entire industry chain as much as possible,and at the same time to improve the methods of tax incentives;the second is to strengthen the tax incentives for the integrated circuit industry.The pertinence of corporate innovation capabilities.The third is to implement differentiated tax preferential policies.